Private equity firm, Carlyle, has entered a joint venture partnership with Crimson Investment Management, Private Equity Wire reports. The move will help the firm boost its real estate operations in Iberia.
The joint venture will advise, execute investments and conduct asset management services in Portugal on behalf of Carlyle. Crimson Investment will work on an exclusive basis for Carlyle’s third European real estate fund and will report to Rachel Lupiani, Carlyle’s real estate director for Spain and Portugal.
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This article was originally published in Alternative Investment News.